Stoil Vasilev spent eight years inside SumUp working across fundraising, finance, and operations before becoming a Venture Partner at Eleven Ventures, and he focuses on helping founders with the specifics of raising money, from financial modeling to investor selection, while pushing the idea that CEE's payments landscape is more interesting than people give it credit for. He's also open about how hard fundraising can be, sharing that Paypercut's raise took over 130 investor conversations and 300 calls, and he describes his own motivation as wanting to make business feel more authentic.
About their Fund
Sectors
Fintech, Health, Future of Work, Food & Ag, Climate
Rounds
Pre-Seed - Seed
Avg Check Size
€300K–€1M
Notable Investments
Eleven Ventures is one of Bulgaria's first startup funds, founded in 2012 as an accelerator to help build the Bulgarian and Southeast European startup ecosystem for founders in the region, and it is funded by more than 80 tech and industrial entrepreneurs from CEE rather than typical institutional investors. It runs programs like the Visa Innovation Program Europe with Visa and the Elevate university accelerator with AUBG, and its portfolio includes early support for Bulgaria's first unicorn, Payhawk, as well as less conventional bets like the cargo-drone airline Dronamics.
Other partners at the fund
Notable Fund
Investments
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Sheets they're in
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Sheets they're Fund is in
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
Robotics
Biotech
+
12
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
+
4
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
+
2
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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